Oil Patch Bits: Arctic Slope Regional Corp. announces acquisition
Arctic Slope Regional Corp. said Feb.16 that it is pleased to announce the acquisition of Mavo Systems by its wholly owned subsidiary ASRC Industrial Services LLC.
Headquartered in White Bear Lake, Minnesota, Mavo was founded in 1982. The company is recognized as a premier environmental and specialty services contractor servicing multiple end-markets, including healthcare, industrial manufacturing, higher education and power generation. Specifically, Mavo provides asbestos, lead and mold abatement, demolition, insulation, emergency response and restoration services. The company serves customers across the upper Midwest from its headquarters in White Bear Lake as well as satellite offices in Minnesota, Wisconsin and North Dakota. Mavo will become the foundation of AIS’s remediation and response services operating group.
“On behalf of ASRC’s board of directors, I am pleased to welcome the talented employees of Mavo Systems to the ASRC family of companies,” said Rex A. Rock Sr., president and CEO of ASRC. “The acquisition of Mavo is another important step in pursuit of the AIS strategy that ASRC announced in September 2016. I am confident the team at Mavo will work collaboratively with the AIS team to deliver long-term value to ASRC shareholders.”